Elephant Talk Communications (ETAK) fell Tuesday after the company, which provides Software Defined Network Architecture (Software DNA 2.0) platforms and cyber security solutions, announced a delay in its reporting of fourth-quarter and full-year earnings. Elephant Talk had scheduled its report and investor conference call for Tuesday, March 18 but elected to postpone those two events to have more time to review its financial results for the fourth quarter and full year 2013, "including how its losses to date, when combined with the Company's recently completed financing efforts would impact the company's liquidity position," according to a press release. The conference call is now scheduled for Wednesday, March 26 at 11 a.m. ET.

Shares of Elephant Talk Communications (AMEX:ETAK) were gapping down Friday morning with an open price 13.8% lower than Thursday's closing price. The stock closed at $2.25 yesterday and opened today's trading at $1.94.